Fortuna Silver Mines Inc. (NYSE:FSM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Fortuna Silver Mines Inc. (NYSE:FSMGet Rating) (TSE:FVI) have been given a consensus rating of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $6.38.

A number of equities research analysts recently commented on FSM shares. Canaccord Genuity Group raised Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Tuesday, January 18th. StockNews.com raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Saturday, April 2nd. National Bank Financial decreased their target price on Fortuna Silver Mines from C$5.75 to C$5.50 in a research report on Monday, March 28th. Canaccord Genuity Group raised Fortuna Silver Mines from a “hold” rating to a “buy” rating and decreased their target price for the company from $6.00 to $5.50 in a research report on Tuesday, January 18th. Finally, Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th.

NYSE FSM opened at $4.45 on Monday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 16.48 and a beta of 1.31. The business has a fifty day simple moving average of $3.95 and a 200 day simple moving average of $3.95. Fortuna Silver Mines has a 12 month low of $2.91 and a 12 month high of $7.98. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.12.

Fortuna Silver Mines (NYSE:FSMGet Rating) (TSE:FVI) last released its quarterly earnings results on Wednesday, March 23rd. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Fortuna Silver Mines had a net margin of 9.79% and a return on equity of 9.22%. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, sell-side analysts predict that Fortuna Silver Mines will post 0.23 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in FSM. Van ECK Associates Corp increased its holdings in Fortuna Silver Mines by 56.2% in the 3rd quarter. Van ECK Associates Corp now owns 31,675,311 shares of the basic materials company’s stock worth $124,484,000 after acquiring an additional 11,392,117 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Fortuna Silver Mines by 63.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,250,857 shares of the basic materials company’s stock worth $24,446,000 after acquiring an additional 2,420,255 shares during the last quarter. American Century Companies Inc. increased its holdings in Fortuna Silver Mines by 3,300.2% in the 4th quarter. American Century Companies Inc. now owns 1,447,684 shares of the basic materials company’s stock worth $5,647,000 after acquiring an additional 1,405,108 shares during the last quarter. Morgan Stanley boosted its stake in Fortuna Silver Mines by 309.4% in the 2nd quarter. Morgan Stanley now owns 1,520,607 shares of the basic materials company’s stock worth $8,440,000 after purchasing an additional 1,149,160 shares during the period. Finally, U S Global Investors Inc. grew its holdings in Fortuna Silver Mines by 470.3% during the 3rd quarter. U S Global Investors Inc. now owns 1,140,628 shares of the basic materials company’s stock valued at $4,478,000 after buying an additional 940,628 shares in the last quarter. 26.39% of the stock is owned by institutional investors.

Fortuna Silver Mines Company Profile (Get Rating)

Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

Recommended Stories

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.